Listings tipped for smaller banks

China reporter Lucy Gao reviews the major business news making headlines every day in both the Chinese and English language press.

China Securities Journal

■ China should encourage city commercial banks and rural banks to list on the stockmarket and may lower listing requirements for these banks, said Chen Dongzheng, president of the Shenzhen Stock Exchange.

■ Small and medium-sized financial institutions that meet loan growth requirements will maintain a relatively low reserve ratio in an effort to promote lending to small businesses, a central bank official said.

■ House prices in China’s 100 major cities rose further in October, marking the fifth consecutive monthly increase this year, but at a lower growth rate, a latest industry report said.

■ Microsoft has chosen Shanghai as the first city in China for commercial and public cloud computing services, Microsoft and the Shanghai government said on Thursday.

China Daily

■ China may suffer an even worse environment for exports next year, in the wake of sluggish global demand, especially in the United States and Japan, said a senior economist with the State Council on Thursday.